openPR Logo
Press release

Cryogenic Tanks Market to Reach USD 9.61 Billion by 2030, Growing at a 5.9 Percentage CAGR from 2024 to 2030

08-27-2024 08:31 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Cryogenic Tanks Market

Cryogenic Tanks Market

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The Cryogenic Tanks Market is experiencing significant growth due to rising applications in laboratories, pharmaceuticals, and chemical plants, along with increasing LNG demand. The market, projected to grow over 6% annually, is driven by its use in industrial gases and food and beverage sectors. However, challenges such as high raw material costs and maintenance expenses could hinder growth. Asia Pacific leads the market, with substantial growth expected in North America, while competitive strategies among major players shape the evolving landscape.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐›๐ฒ ๐œ๐ฅ๐ข๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/request-sample/55270/

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ:

The Cryogenic Tanks Market is expanding because of increased use in labs, pharmaceutical industries, and chemical facilities, as well as the growing need for LNG and improved healthcare facilities in emerging markets such as China, India, and Japan. Nevertheless, expansion is constrained by increasing costs of materials and high operation and maintenance fees for cryogenic storage tanks. There is an anticipation that the market will experience a growth of more than 6% in the upcoming year.

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

In 2023, the Asia-Pacific cryogenic tanks market held a 35.0% share, driven by LNG infrastructure expansion and demand in industrial sectors, with a 5.9% CAGR projected by 2030. China leads LNG consumption. North America will see a 6.5% CAGR, while Africa shows minimal growth due to limited developments.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐›๐ฒ ๐œ๐ฅ๐ข๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/request-sample/55270/

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž:

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ข๐ง 2023: USD 6.43 Bn.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž ๐ข๐ง 2030: USD 9.61 Bn.

๐‚๐€๐†๐‘: 5.9% (2024-2030)

๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐๐ž๐ซ๐ข๐จ๐: 2024-2030

๐๐š๐ฌ๐ž ๐˜๐ž๐š๐ซ: 2023

๐๐ฎ๐ฆ๐›๐ž๐ซ ๐จ๐Ÿ ๐๐š๐ ๐ž๐ฌ: 280

๐๐จ. ๐จ๐Ÿ ๐“๐š๐›๐ฅ๐ž๐ฌ: 117

๐๐จ. ๐จ๐Ÿ ๐‚๐ก๐š๐ซ๐ญ๐ฌ ๐š๐ง๐ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ: 116

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐’๐œ๐จ๐ฉ๐ž North America, Europe, Asia Pacific, Middle East and Africa, South America

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐‘๐š๐ฐ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ

Steel
Nickel Alloy
Aluminium Alloy
Others

๐๐ฒ ๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐‹๐ข๐ช๐ฎ๐ข๐

Liquid Nitrogen
Liquefied Natural Gas (LNG)
Liquid Hydrogen
Others

๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Storage
Transportation

๐๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Metal Processing
Energy Generation
Electronics
Medical Technology
Food & Beverages
Water Treatment
Others

๐…๐จ๐ซ ๐š ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ , ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/55270/

๐‚๐ซ๐ฒ๐จ๐ ๐ž๐ง๐ข๐œ ๐“๐š๐ง๐ค๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

Wessington Cryogenics
ISISAN ISI SAN. VE TฤฐC .A.ลž.
Air Products
Air Water
FIBA Technologies
Taylor-worton
Sure tank
Zhangjiagang Furui
Zhuhai Gongtong
Suzhou Huafu
Praxair
Eden Cryogenics
FIBA Technologies
Vrv S.P.A
Cryoquip Australia

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง, ๐œ๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž:https://www.maximizemarketresearch.com/market-report/global-cryogenic-tanks-market/55270/

๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐š๐ฅ๐ฌ๐จ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ 

๐“๐ก๐ž ๐“๐ž๐ง๐ฌ๐ข๐ฅ๐ž ๐€๐ซ๐œ๐ก๐ข๐ญ๐ž๐œ๐ญ๐ฎ๐ซ๐ž ๐Œ๐ž๐ฆ๐›๐ซ๐š๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 1.52 Billion in 2023 and the total Tensile Architecture Membrane Market revenue is expected to grow at a CAGR of 5.66% from 2024 to 2030, reaching nearly USD 2.24 Billion. The tensile architecture membrane market has experienced substantial growth, driven by various key factors.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ: https://www.maximizemarketresearch.com/market-report/tensile-architecture-membrane-market/256789/

๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐’๐ข๐ง๐ ๐ฅ๐ž-๐ฉ๐ฅ๐ฒ ๐Œ๐ž๐ฆ๐›๐ซ๐š๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 940.40 Million in 2023 and the total Commercial Single-ply Membrane Market revenue is expected to grow at a CAGR of 5.56 % from 2024 to 2030, reaching nearly USD 1373.04 Million. Key players in the industry, including Holcim, IKO, Siplast, and Carlisle Companies are actively contributing to market growth through strategic acquisitions, product innovations, and regional growth.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/commercial-single-ply-membrane-market/256671/

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐จ๐ฅ๐ฒ๐ฉ๐ก๐ญ๐ก๐š๐ฅ๐š๐ฆ๐ข๐๐ž ๐‘๐ž๐ฌ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ is expected to reach US$ 5.83 Bn. by 2029, at a CAGR of 6.2% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/global-polyphthalamide-resin-market/96005/

2,6-Xylenol Market is expected to reach US$ 3660.09 Mn. by 2029, at a CAGR of 5.8% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ: https://www.maximizemarketresearch.com/market-report/global-26-xylenol-market/72890/

๐„๐ง๐š๐›๐ฅ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐†๐ซ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ size is expected to reach nearly US$ 10.70 Bn. by 2029 with the CAGR of 19% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ: https://www.maximizemarketresearch.com/market-report/enabling-technologies-for-the-smart-grid-market/71749/

๐๐ซ๐ž๐ฉ๐š๐ข๐ ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐‘๐ž๐œ๐ฒ๐œ๐ฅ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ size is expected to reach nearly US$ 3.90 Bn. by 2029 with the CAGR of 5.9% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/prepaid-battery-recycling-market/70885/

๐•๐Ž๐‚ ๐‚๐จ๐ง๐œ๐ž๐ง๐ญ๐ซ๐š๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ size is expected to reach US$ 1.86 Bn by 2029, at a CAGR of 6.11% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/voc-concentrator-market/65949/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical categories and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, category and demand analysis, and client impact studies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cryogenic Tanks Market to Reach USD 9.61 Billion by 2030, Growing at a 5.9 Percentage CAGR from 2024 to 2030 here

News-ID: 3635625 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Infrared LED Market Set for Rapid Growth, Reaching USD 1.64 Billion by 2032
Infrared LED Market Set for Rapid Growth, Reaching USD 1.64 Billion by 2032
Infrared LED Market size was valued at USD 749.33 Mn 2024 and is expected to reach USD 1,640.45 Mn by 2032, at a CAGR of 10.29% Infrared LED Market Overview: The infrared (IR) LED market has witnessed remarkable growth due to its critical applications across diverse industries such as consumer electronics, automotive, healthcare, and security. Infrared LEDs emit light in the infrared spectrum, enabling functionalities like remote sensing, night vision, gesture recognition,โ€ฆ
Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 Million by 2032 at 10.2 % CAGR - Millet Food Forecast Signals Robust Demand
Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 โ€ฆ
According to a new report by Maximize Market Research, the global Millet Based Packaged Food Market was valued at USD 47.95 million in 2024 and is projected to reach approximately USD 104.30 million by 2032, growing at a compound annual growth rate (CAGR) of 10.2 % during 2025-2032. The growth is attributed to increased consumer preference for nutritious, gluten-free and convenient foods, particularly in Asia-Pacific and North American regions. โ–บ Getโ€ฆ
Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 Million by 2032 at 10.2 % CAGR - Millet Food Forecast Signals Robust Demand
Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 โ€ฆ
According to a new report by Maximize Market Research, the global Millet Based Packaged Food Market was valued at USD 47.95 million in 2024 and is projected to reach approximately USD 104.30 million by 2032, growing at a compound annual growth rate (CAGR) of 10.2 % during 2025-2032. The growth is attributed to increased consumer preference for nutritious, gluten-free and convenient foods, particularly in Asia-Pacific and North American regions. โ–บ Getโ€ฆ
Agricultural Robots Market to Soar from USD 15.67 B in 2024 to ~USD 88.15 B by 2032 at 24.1% CAGR - Driven by Precision Farming Demand
Agricultural Robots Market to Soar from USD 15.67 B in 2024 to ~USD 88.15 B by 2 โ€ฆ
According to a new report by Maximize Market Research, the global agricultural robots market was valued at USD 15.67 billion in 2024 and is projected to reach approximately USD 88.15 billion by 2032, growing at a compound annual growth rate (CAGR) of 24.1 %. The expansion reflects accelerating adoption across North America, Europe, and Asia amid rising demand for automation in farming operations. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/34593/ โ™ฆ Keyโ€ฆ

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast โ€ฆ
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,โ€ฆ
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 โ€ฆ
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworksโ€ฆ
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast โ€ฆ
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031. Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysisโ€ฆ
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomicโ€ฆ
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantialโ€ฆ
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,โ€ฆ